• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Wednesday, December 17, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Karachi builders threaten shutdown, sit-in over alleged extortion calls

December 17, 2025
in Markets
Karachi builders threaten shutdown, sit-in over alleged extortion calls
Share on FacebookShare on TwitterWhatsapp

Karachi’s builders and developers on Wednesday threatened to shut down their businesses and stage a sit-in outside Sindh Chief Minister’s House, alleging that they had been receiving extortion calls from foreign numbers, including those traced to Dubai and Iran, with the callers demanding millions of rupees.

“Over the last five months, at least ten members of the Association of Builders and Developers of Pakistan (ABAD) have received extortion calls, with demands totaling Rs5 billion and all the call were being made from Dubai and Iranian numbers,” ABAD chairman Muhammad Hassan Bakshi said while addressing a press conference.

“The extortionists issue written slips and if the recipients refuse to accept them, they resort to indiscriminate firing at our business sites,” Bakshi added.

“The extortionists even write their names, phone numbers, and bank account details on the slips, yet no action has been taken against them,” he maintained.

Safe City cameras should also be used to reduce crime in the city, rather only for traffic e-challans

ABAD chairman lamented that incidents of extortion in Karachi had increased to an alarming level, with builders, developers and the business community being systematically harassed.

“Extortionists and the land-grab mafia have effectively taken Pakistan’s economic engine into hostage. These elements are allegedly backed by Fitna-al-Khawarij.”

He said the lives and the property of builders and businessmen were under serious threat as extortionists were making demands through calls from Dubai and Iranian numbers.

Over 700 ‘dangerous’ buildings in Karachi pose threat to lives, says ABAD chairman

“If red warrants are not issued against these extortionists and no action is taken, options such as shutting down businesses and staging sit-ins Chief Minister House will be considered,” ABAD chairman warned.

Questioning the Safe City project, Bakshi said Safe City cameras had been installed across the city but no extortionists got arrested. Safe City cameras should also be used to reduce crime in the city, rather only for traffic e-challans, he maintained.

“There is a limit to oppression, but Karachi’s situation has gone beyond that limit.”

Meanwhile, referring to raids by the Federal Board of Revenue (FBR), ABAD chairman alleged that FBR officials conduct raids on builders’ offices, seize all files and keep them for months, demanding bribes worth millions of rupees in return.

Number plates with Ajrak design: only Excise-issued plates are valid, says minister

ABAD’s Patron-in-Chief Mohsin Sheikhani said the association ran 72 industries of the country and the assets of builders were entirely at risk.

“Calls are received from Iran, threats are issued, information is demanded, and when responses are not given, firing begins,” he said.

Share15Tweet10Send
Previous Post

Pakistan Navy’s fourth Hangor class submarine launched by Chinese shipyard

Next Post

US stocks mixed amid worries over lofty equity values

Related Posts

India’s trade impasse with Trump keeps rupee in the cold
Markets

India’s trade impasse with Trump keeps rupee in the cold

December 17, 2025
Gulf bourses fall ahead of US inflation data; Saudi hits 2-year low
Markets

Gulf bourses fall ahead of US inflation data; Saudi hits 2-year low

December 17, 2025
US stocks mixed amid worries over lofty equity values
Markets

US stocks mixed amid worries over lofty equity values

December 17, 2025
India markets regulator’s board clears mutual fund fee revamp, defers conflict of interest framework
Markets

India markets regulator’s board clears mutual fund fee revamp, defers conflict of interest framework

December 17, 2025
Sri Lanka shares end muted
Markets

Sri Lanka shares end muted

December 17, 2025
Indian Rupee snaps losing streak, logs best day in 2 months on firm RBI intervention
Markets

Indian Rupee snaps losing streak, logs best day in 2 months on firm RBI intervention

December 17, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.